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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$575,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Located in the landmark KiWi Condo building in the heart of Downtown Hamilton. This ground floor retail unit with 10' ceilings and an abundance of natural light, enjoys an additional 205 square feet of exclusive use patio. With the energy of King Street, across from the Aquarius Theatre, and steps to the vibrant bars and restaurants of King William Street, this commercial retail space can be the preferred destination for the 260 residential owners who reside in the KiWi condo. This is a shell unit, ready for a new owner. Featuring 60amp 3 phase 600-Volt service provided with disconnect switch. Rough-in plumbing with drain sleeve provided (2 drains located per plan). Capped 3/4"" waterline complete with shut off valve and separate check meter, suspended below ceiling. Unit maintenance fee calculated on total area of 1,445 square feet inclusive of Unit Gross Area (1,184sf), Exclusive Use Patio (205 sf), and proportionate share of Commercial Common Area Garbage Room (56sf) (id:39198)
Location
Province
Ontario
City
Hamilton
Address
#c-04 -212 King William St
Postal Code
L8R0A7
Location Highlights
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Listed by
SOTHEBY'S INTERNATIONAL REALTY CANADA Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
1,240
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$575,000
Asking Price
$575,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
1,240
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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